Environmental violations + semi-annual report is not as good as expected

Abstract On July 13, Muller New Materials released a forecast for its results. It is expected that the semi-annual report will achieve a net profit of 48 million to 50 million yuan, a year-on-year change of 29.95% to 35.36%. At first glance, this performance is dazzling, but the actual situation is not the case. Although the performance is large year on year...

On July 13, Muller New Materials released a forecast for its results. It is expected that the semi-annual report will achieve a net profit of 48 million to 50 million yuan, a year-on-year change of 29.95% to 35.36%.

At first glance, this performance is dazzling, but the actual situation is not the case. Although the performance has increased significantly year-on-year, it has been split in quarters. Muller New Materials achieved a net profit of 39 million in the first quarter and a net profit of 48 million to 50 million yuan in the semi-annual report. If you take the semi-annual report performance forecast lower limit net profit of 48 million, the second quarter net profit is only 9 million. The growth rate of the highest 35% is also far from the first quarter. All of this is due to the rapid decline in profit and growth rate of the new capacity of the company. Today, the new material fell.

In this regard, Müller New Materials explained that the company's second quarter due to environmental penalties and the downstream PV new policy promulgation, the diamond line industry in terms of demand and price have declined in varying degrees, thus enabling the company's second quarter operating results growth rate decline.

From the above reasons, this is not only a problem of the management of new materials, but also the collapse of the entire diamond line industry. In this case, whether it is Muller new materials, Dongni electronics, Sancha new materials, etc. There will be a major blow.

“The day when the sword is recast, it must be the time when the king returns.” Even though the current situation is not optimistic, with the increasing popularity of diamond wire in sapphire cutting, monocrystalline silicon slicing and other industries, the demand for diamond wire or the new round of explosion I look forward to the return of the new king of Muller!

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